SMM Daily: Coke Market Faces Pessimistic Outlook Amid Stable Supply and Weakening Demand

[SMM Daily Review on Coal and Coke]

In terms of supply, coke production at coking plants remains stable, with moderate sales performance. However, the slow decline in raw material prices has narrowed coking plant profits. On the demand side, the impact of steel mills' winter stockpiling policies remains strong, but transactions continue to weaken, and the negative feedback trend persists. Steel mills are preparing to seek profits upstream. Overall, market expectations are pessimistic, and the seventh round of coke price cuts this week may see further negotiations.